143 SE H St - Sports and Entertainment FOR SALE


Grants Pass, OR 97526
$2,000,000 USD
541-944-9967
143 SE H St, Grants Pass, OR for Sale
$2,000,000 USD
Sports and Entertainment - FOR SALE
1/43
null | Request Cap Rate

143 SE H St
Grants Pass, OR 97526


OVERVIEW

Merit Commercial Real Estate has been exclusively retained to market for sale the real property and business assets of the Rogue Theatre. The Rogue Theatre is a landmark entertainment facility in Southern Oregon, with a long-established location in the heart of downtown Grants Pass. First opening in 1938, the facility has operated in some form ever since. Current ownership has kept the spirit of the theatre alive since 1998, and has welcomed countless shows through its doors. Ranging from household names to up and coming artists, the Rogue Theatre is an artist favorite, with dozens of repeat shows and regulars on the books. Situated directly on Interstate 5, equidistant from Portland and San Francisco, the Rogue Theatre is an easy addition to any artist's tour schedule. The facility itself has great visibility with a Main and Main location, and is very well-known by the locals. Entry is via secure front doors next to the large glass box office. Patrons enter directly into the eccentric lobby, with a full-service bar, bathrooms, storage, entry to the auditorium, and stairwells to the balcony. Artists enjoy easy rear-loading, and a large green room with great energy. Two private dressing rooms and bathroom and direct stage access checks every box an artist needs. The ± 550 seat auditorium is a comfortable, intimate space that highlights each artist, whether it's live music, comedy, corporate events, or otherwise. A private VIP bar to the rear of the balcony could be converted to add more GA seating. A full A/V system, projection screens, curtain system, and much more are all included, alongside numerous FF&E to allow you to immediately host shows with effectively zero downtime. There is currently one part-time administrative employee (~20 hours/week), and a large roster of hourly staff to service shows (security, bartender, custodians, etc.); the current owner will be available for a reasonable amount of time post-closing for training, if needed. Cementing the facility as a regional icon, the massive, grandfathered neon signs are one of a kind. The asking price includes the real property, business assets, and all FF&E, branding, and resources. The offering presents the rare opportunity to own and control an iconic destination in an irreplaceable location. Positioned at the heart of a growing market, the next operator will be able to leave their unique touch on a proven and important business in Southern Oregon!

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$284 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

-

YEAR BUILT

1938

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

CBD

APN/PARCEL ID

R310651

ASK ABOUT THIS PROPERTY

Caspian HoehneMerit Commercial Real Estate LLCMore Info
541-944-9967

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Caspian HoehneMerit Commercial Real Estate LLCMore Info
541-944-9967

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.